Analyst Downgrades EV Stock on Likelihood of Sales Pressure

Core Viewpoint - Rivian Automotive Inc's stock has experienced a decline following a downgrade from Guggenheim, reflecting concerns over long-term sales potential for its R2 and R3 models [1] Group 1: Stock Performance - Rivian's stock is currently trading at $12.65, down 2.9% after the downgrade [1] - The stock has faced a 5% deficit for 2025 and a significant year-over-year decline of 30.2% [3] - Since reaching a peak of $17.15 on May 20, the shares have formed a pattern of lower lows [3] Group 2: Analyst Ratings and Market Sentiment - Eight out of 26 brokerage firms still maintain a "buy" or better rating for Rivian, indicating some level of optimism [2] - The 12-month consensus target price is set at $15.10, representing a 19.5% premium over current trading levels [2] - Short interest is notably high, with 19.7% of the stock's available float sold short, suggesting bearish sentiment among investors [2] Group 3: Options Trading Activity - Short-term options traders are leaning bullish, as indicated by the Schaeffer's put/call open interest ratio (SOIR) being in the 14th percentile of annual readings [4] - A potential unwinding of this bullish sentiment could pose additional challenges for Rivian's stock in the future [4]